Twitter says it could turn first-ever profit, shares surge

(Apparently their internal calculations can now be trusted.) The bump pushes Twitter's MAU count to 330 million, although the company still held back on releasing its number of daily active users.

Shares of the social platform have rocketed up almost 15 percent in early morning trading on Thursday, after the company hinted at imminent profits in its third quarter earnings report - despite announcing it had been miscalculating its MAUs by millions.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Twitter wasn't one of them!

On the financial side, Twitter saw its overall quarterly revenue fall to $590 million, with advertisers reducing their spending on the platform. But Twitter says it can't adjust user numbers earlier than that, because it apparently doesn't have the data to calculate how far off its reports may have been.

Twitter Inc. has admitted to incorrectly reporting its single most important metric, monthly active users (MAUs), for almost three years.

For years, Twitter has struggled to impress Wall Street investors with its lackluster user numbers.

But in spite of the strong earnings and stock performance, Twitter was also forced to eat crow. "These third-party applications used Digits, a software development kit of our now-divested Fabric platform, that allowed third-party applications to send authentication messages via SMS through our systems, which did not relate to activity on the Twitter platform", the statement read.

Twitter said it may be profitable in the upcoming fourth quarter, for the first time in its four years as a publicly traded company.

Specifically, Twitter included all users of its former product "Digits", which users could employ to sign into third-party apps with just a phone number. "This profitability reflects our improved prioritization and disciplined execution across all of our strategic priorities", CEO Jack Dorsey said on the earnings call this morning. Earlier this month, women boycotted Twitter in support of celebrities like Rose McGowan who were trolled on the platform. "We'll be taking a more aggressive stance on our abuse rules and on how we enforce them". It hinted in its earnings report that it would roll out the change to more users, "We expect to see fewer tweets running into the character limit over time, and we'll be sharing the results of this experiment publicly in the coming weeks". The site also prohibited photos of non-consensual nudity, and said it would take a harder line on hate symbols and organizations that promote violence.

Related News:

I might be able to be featured more and handle the ball more in the second-unit. "That's what professionals do". The Cavs will be without starting point Derrick Rose , who is still recovering from a sprained ankle.

When his photos come on the TV screen or I see them in the newspapers I am incredibly proud of him and what he accomplished. Trump shot back that Wilson had "totally fabricated" the account, but the soldier's widow and aunt confirmed it as true.

Mr Amshar said he believed the gunman was an ex-husband or former boyfriend of an employee, but he couldn't be sure. Another witness at the restaurant, Laura Mjeshtri, said a waitress ran in and said the place was on lockdown .

In the meantime, it seems that the hidden features in the Switch OS version 4 .0 are more interesting than the flaunted features. They don't have a way of interfacing directly with Nintendo's latest hardware, but the Switch does have USB support .

He was one of those directors who could effortlessly combine commercial elements with powerful stories. He followed this up with Ee Nadu , John Jaffer Janardanan (1982) that established Mammootty as a hero.

The dog had apparently become depressed after moving into a smaller living space and repeatedly attacked Chirac. Nicolas Sarkozy's dogs reportedly caused thousands of euros worth of damage to furniture in the palace .

The piece also showed Richardson arm-in-arm with British Vogue editor Edward Enninful at NY fashion week last month. He denied the allegations and described himself as "considerate and respectful" of his photographic subjects.

Ewan McGregor has reportedly split from his wife of 22 years, Eve Mavrakis , with whom he shares four children. According to an eyewitness, Winstead, 32, and McGregor, 46, were there for an hour before they left together.

The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .

Most liked

Maroon 5 announces St. Louis show
The first single from " Red Pill Blues ", "Don't Wanna Know", features Lamar and is now No. 6 on the Billboard Hot 100. Tampa fans, get ready to show off your "Moves Like Jagger"-Maroon 5 is coming to town".

2017-2018 flu season begins
While the flu season doesn't typically peak until January, individual cases began surfacing as early as September. Flu vaccines protect against three or four flu virus strains, depending upon the type received.

Microsoft is officially ending the Kinect
When Microsoft began preparing for the launch of the Xbox One, the Kinect was first planned to be a required part of the console. The University of Minnesota has also used it to help diagnose disorders in children and many others use it for medical imaging.

Las Vegas killer's brother arrested for child porn
He spoke with NBC News in the aftermath of the attack and said he hadn't talked with his brother in about 10 years. He was arrested at the home after police allegedly found the indecent images on his computer.

AC/DC producer, Australian music pioneer dies
Prior to AC/DC's formation, Young was the vocalist for the rock group Marcus Hook Roll Band, with his brothers on guitar. In the early '70s, he along with his bandmate Harry Vanda became Australia's most sought-after producing duo.